If you have never heard of George Soros then you could be in for a major shock in the near future. Not only has George Soros been one of the top influences in many different aspects of society, but he has also risen towards the top of the list of the wealthiest people in the world. George Soros is someone that is known by many, but it is the actions of George Soros that investors are paying attention to as of recently. The reason for all of this is fairly simple. When someone who as as much wealth as George Soros does makes moves in the market then others will watch. However, when someone near the top of the wealth list starts to move major portions of their entire portfolio into different asset classes then there is a good chance heads will turn.
George Soros has taken a tremendous position in gold which is not only a major investment strategy that signifies he is afraid of the current markets, but because of the major portion that he put into a safe class such as gold, you have to start wondering what could possibly be on the horizon. Simply by moving his position and investing heavily and significantly into a specific set of investments such as gold, George Soros is essentially saying he is so scared about what could happen to stocks that he doesn’t even want to ride out the potential bad times or deal with any of the hardships that could be hitting the economy in the near future.
When you think about where you could potentially put your money to hide from any possible downturns in the economy, you have to consider why gold is such a tremendous class. People not only come after it because it has scientific properties that make it much better than other metals, but when you consider the natural supply and demand factors then you know gold is always in high demand. Furthermore, when you think about all of the potential jewelry options involving gold, there are certainly a significant amount of options that instantly come to mind on where gold could be. Gold has value because people want to be able to show that they have it.
In short, gold is a resource that is scarce and people will definitely want it in general. However, if you can buy low and then sell high (when the economy may turn bad), then you could completely capitalize just because you are prepared. If you are considering what George Soros’ gold strategy is and how it could effect you, perhaps it’s time to check into Philip Diehl and the US Money Reserve and see what your options are.
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